Quintessential Vermont Store!

Orange County, VT

Quintessential Vermont Store!

Asking Price:$460,000

Cash Flow:N/A

Gross Revenue:$663,333

EBITDA:N/A

FF&E:N/A

Inventory:$50,000

Real Estate:$347,000

Established:N/A

Quintessential Vermont Store!

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Business Description

Situated on a scenic U.S. Vermont Route right across from the Town Common in a picturesque Vermont Village, and overlooking the Connecticut River Valley, this store is more than a convenient stop. It’s an experience! There is a friendly warmth and genuine sense of community as soon as you walk through the distinctive red doors. Laughter and congenial conversation are fixtures. So too are the aromas of fresh baked goods and delicious meals that emanate from the deli kitchen. The store is the kind of place you thought might not exist anymore in this impersonal world of box stores and mega chains. It’s the difference between a country village store and a convenience store! This store sells groceries, wine beer, other beverages, snacks, unique gifts, local items, cigarettes, other tobacco products, baked goods, coffee, has a deli department for the sale of subs, sandwiches, salads, cheese, cold cuts, grab and go meals, etc., sells specialty foods, maple syrup, local produce, clothing, and other general merchandise. There is also a Café in the Store that is licensed to seat 25. The Store has a Class I and Class II Liquor Licenses, so the Café can serve beer and wine on premise. This Store is open Monday thru Wednesday from 6AM till 7PM; Thursday and Friday from 6AM till 8PM; and Saturday from 7AM till 8PM, and Sunday from 8AM till 2PM. Store was closed on Sundays in 2016. Gross Sales were $663,333.00 in 2016 with a Gross Profit of $217,889.00! There is a very nice large five bedroom apartment above the store that new owners could live in, or could be rented out for $1,400.00 a month with all utilities included, except TV and internet. Presently the apartment is rented out. Included in the Sales Price of $460,000.00 is all the Real Estate, Store Fixtures and Equipment Owned by the Sellers, and $50,000.00 Inventory at Wholesale Cost. This Quintessential Village Market offers someone a quality lifestyle in a very desirable area, and with a great sense of community. To qualify for bank financing on this listing, a Buyer will need a cash down payment of at least 20% or $92,000; proceeds to cover closing costs, which will range between $10,000 to $15,000; and evidence of $50,000 working capital. Please Qualified Buyers Only. Confidential! No Brokers Please. ***A Purchase & Sale Agreement Is Executed On This Listing, So It Is NOT Available***

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
Large well constructed 1840 Store Building with very nice apartment above store with much charm. Also a separate detached garage.
Competition:
No other competition in immediate village.
Financing:
No
Support & Training:
Sellers will provide adequate training to the Buyers at no additional expense to them after the Closing in all aspects of the business. Training period will be negotiated at time of Purchase and Sale Agreement.
Reason for Selling:
Owned and operted this business for last six years, and are looking to retire.

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Mark Benetatos

Business Listed By:
Mark Benetatos

White Birch Realty, LLC

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